Directors' board of Development Bank of Kazakhstan JSC approved the number of new investment projects for financing

/KASE, March 31, 08/ - Development Bank of Kazakhstan JSC (Astana), securities of which are tarded in Kazakhstan Stock Exchange's (KASE) category "A" official list, provided KASE with the press-release in which the following is informed: Quotation begin On March 28, 2008 had taken place the session of Directors' Board of Development Bank of Kazakhstan JSC, by decision of whihc the number of new investment projects was approved. The Kun Renewables LLP project. The building of plant for polycrystal silicon production in Astana. The project foresees the production of up to 2 and half thousand tons per year of polycrystal silicon, used in electronics and production of solar battery. Total cost of the porject is abot 390 m. US dollars. ORDABASY-PST JSC project. Building of the plant for production of vehicle tires of premium-class in Astana foresees the production of vehicle tires on the basis of modern world technologies. The planned power of the plant is 4 m. tires per year. The project foresees the production of tires of "A" class under the Nokian brand and under the Astana Nokian brand. Total cost of the project makes about $270 m. These projects were included into the number of "bursting" projects of corporate leaders, announced in the Message of the President of Republic of Kazakhstan N.A.Nazarbayev. Also were approved the projects of Semipalatinskiy leather-fur combine LLP "The creation of production for deep processing of raw materials and production of competitive goods from leather, fur goods and shoes". The project is foreseen the purchasing of European equipment for modernization of acting combine. The planned power after the modernization will reach 120 m. square dm. Total cost of the project is about 40 m. US dollars. Moreover, beforehand was approved the additional financing of investment project "Construction of Moynakskaya HPS with power of 300 MWt" in size of 79 m. US dollars. DBK executes the financing of this project since year 2006. Now total stake of financing by DBK in the project makes about 130 m. US dollars. It is supposed the co-financing of this project in size of 200 m. US dollars from the side of State Development Bank of China. The project serves for energy supply provision of the Southern region of the country. For reference: DBK was created in year 2001. Is included to the staff of state holding Fund for stable development Kazyna JSC, created for improvement of corporate management system of development institutions. DBK executes the crediting of middle and long-term investment projects in production infrastructure and non-feed branches of the economy. Quotation end [2008-03-31]